EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Wed, 07 Apr 2021 06:24:32 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
34%
-14.2%
Shorts
70%
66%
6.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
During the first half of yesterday's trading session, the Eurozone single currency declined by 63 pips or 0.48% against the Japanese Yen. However, the Euro rebounded from a support level at 129.85 at the end of the day.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to edge higher during the following trading session.
Although, a resistance level at 130.53 could provide resistance for the EUR/JPY currency exchange rate in the shorter term.
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